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20130416
20130416
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overseas. in terms of our foreign policy. if we need to keep doing that and we have to keep doing it. we have to tell the american people how bloody and how long this war is going to be. this has nothing to do with gender equality or elections. it has to do with waging war against people believe to be interfering with their land and their faith. lou: thank you both for being with us. >> thank you, sir. lou: up next, the markets recover after yesterday's massive sell-off. we will show you why here next. ♪ @ ♪ lou: stocks recovered from the biggest 1-day sell-off of this year on encouraging news on housing. joining us now, a senior u.s. economist for deutsche bank securities. this is a pretty impressive performance today. is it convincing enough hat we are going to see more strength on the days ahead? >> it certainly has been impressive as a performance. i think a lot of the movement we saw today was just to recover from the massive sell-off yesterday when the news of the tragedy in boston struck. stocks went into a sharp nosedive. the news that it was a relatively limited event
think for the foreign exchange market, it's more a question of policy action. and now, because we're in this limbo, that leaves sterling a little bit of limbo. >> meanwhile, the treasury there is targeting sales of 4 to 5 billion sales in six-month and is 1-month t bills. yes, same with italian yields, as well, michael. are we now at the low point in the cycle for spanish and italian yields? who is going to drive them lower from here and why would you? >> i think the market has seen a lot of liquidity expansion. first from the fed and then lastly from the bank of japan. and combined with the renewed commitment from the ecb to protect the euro, this has depressed yields to these kind of levels. i think it's difficult to see us going dramatically further. and if anything, strategically, we think that the three major problems in europe, the recession, inconsistent crisis management and rising political and social backlash against austerity are likely to come through and that leaves spain and italy very vulnerable to a sharp increase in yields. we're looking, for example, for 10-year
is not an investment but an insurance policy against the collapse of the dollar. when your cost of insurance goes down, it means you're healthier. the chicken little scenario, larry, we run trillion-dollar deficits, borrow half from foreigners, they'll stop lending us money or at least not at low rates and we'll crash. now, that's not going to happen. because of the energy boom, we're going to have the first trade surplus in a generation by 2020, as things are going. and that means we can finance things deficits as far as the eye can see. doesn't mean the economy isn't weak. we will have a deficit. the good news is, our credit is going to be good. the rest will keep lending us money at low interest rates and that's a big plus for the stock market. >> peter schiff, an interesting take that david goldman has used and i've given him a hat tip for it. energy independence, we don't have to import from the saudis other other people, the trade baume' go into surplus. that would be good for the dollar and that in turn would really crush gold. that's a strong dollar, not the volcker way, peter, as you pointed
by foreign governments. the cia recognized this in an internal review and acknowledged that many of the interrogation techniques it employed were inconsistent with the public policy positions the united states has taken regarding human rights. the united states is understandably subject to criticism when it criticizes another nation for engaging in torture and then justifies the same conduct under national security arguments. there are those that defend the techniques like waterboarding, stress positions and sleep deprivation because there was the office of legal counsel which issued a decision approving of their use because they defined them as not being torture. those opinions have since been repudiated by legal experts and the olc itself. and even in its opinion it relied not only on a very narrow legal definition of torture, but also on factual representations about how the techniques would be implemented that later proved inaccurate. this is an important context as to how the opinion came about but also as to how policymakers relied upon it. based upon a thorough review of t
Search Results 0 to 3 of about 4